GMX DAO Continues Buyback Program with 334K Tokens Acquired
GMX DAO Continues Buyback Program with 334K Tokens Acquired
🔄 GMX buyback continues
Recent Activity
GMX DAO purchased 20,740 $GMX tokens for approximately $120,000 between July 1-7, 2026, at an average price of $5.79 per token.
Program Performance
- Total tokens acquired (March 5 - July 7): 334,390 GMX
- Total investment: ~$2,085,000
- Blended average price: $6.24 per token
Q2 2026 Summary
During the second quarter, the DAO reacquired 228,030 GMX tokens for around $1,410,000, averaging $6.18 per token.
The buyback program demonstrates the DAO's ongoing commitment to token value management through systematic market purchases.
GMX DAO reacquired 20,740 $GMX for approximately $120,000 (average price ~$5.79) between July 1 and 7, 2026.🫐 Total for the Program (Mar 5 – Jul 7): Overall, 334,390 GMX tokens have been purchased for around $2,085,000, representing a blended average price of about $6.24 🔵
2/ 📊 GMX DAO Buyback — Q2 2026 Recap During this entire quarter, GMX DAO has reacquired 228,030 GMX tokens for around $1,410,000, at a blended average price of approximately $6.18 per token. $GMX
GMX Sponsors Arbitrum Open House London with $415K Prize Pool
GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)
GMX Expands RWA Trading with Energy Commodities on Arbitrum
GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.
🚀 GMX Expands Multichain
**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.